MARA (NASDAQ:MARA) Stock Price Down 7.2% – Time to Sell?

MARA Holdings, Inc. (NASDAQ:MARA) was down 7.2% during mid-day trading on Friday . The stock traded as low as $9.81 and last traded at $10.42. Approximately 15,402,514 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 45,336,099 shares. The stock had previously closed at $11.23.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MARA shares. Rosenblatt Securities started coverage on MARA in a research report on Friday, March 7th. They set a “buy” rating and a $19.00 price objective for the company. HC Wainwright reiterated a “buy” rating and issued a $28.00 price target on shares of MARA in a research report on Thursday, February 27th. Piper Sandler cut their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Barclays decreased their target price on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.80.

MARA Trading Up 0.6 %

The company’s 50 day simple moving average is $14.71 and its two-hundred day simple moving average is $17.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 14.30 and a beta of 6.09.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $1.56. The business had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. Research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Insider Activity

In related news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the sale, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,710 shares of company stock worth $1,226,825 in the last three months. 0.80% of the stock is owned by insiders.

Institutional Investors Weigh In On MARA

Large investors have recently added to or reduced their stakes in the stock. Milestone Asset Management Group LLC acquired a new stake in shares of MARA in the fourth quarter worth $429,000. Wellington Management Group LLP raised its holdings in MARA by 1,726.2% in the 4th quarter. Wellington Management Group LLP now owns 716,430 shares of the business services provider’s stock worth $12,015,000 after acquiring an additional 677,199 shares during the period. California State Teachers Retirement System lifted its position in MARA by 2.9% during the 4th quarter. California State Teachers Retirement System now owns 274,676 shares of the business services provider’s stock worth $4,606,000 after acquiring an additional 7,864 shares during the last quarter. Park Square Financial Group LLC bought a new stake in MARA during the fourth quarter valued at about $27,000. Finally, United Advisor Group LLC grew its position in shares of MARA by 64.5% in the fourth quarter. United Advisor Group LLC now owns 51,007 shares of the business services provider’s stock valued at $855,000 after purchasing an additional 20,007 shares during the last quarter. Institutional investors own 44.53% of the company’s stock.

About MARA

MARA Holdings, Inc operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc and changed its name to MARA Holdings, Inc in August 2024. MARA Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.